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RidgewoodRed Risk

ClosedPublic Works & Infrastructure

Eastside Water Main Replacement

BID #: 26

ISSUED: 11/20/2024

DUE: 12/18/2024

VALUE: TBD

Rating

Risk Rank

Red Risk

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Executive Summary

The Village of Ridgewood is seeking sealed bids for the Eastside Water Main Replacement project. The project involves furnishing and installing approximately 6,000 linear feet of eight-inch ductile iron class 54 water main, along with service connections, valves, fire hydrants, site restoration, paving, testing, disinfection, traffic control, and related appurtenances. A non-mandatory virtual pre-bid meeting will be held on November 27, 2024, and the deadline for submitting bids is December 18, 2024, at 10:00 AM. Substantial completion is due by July 31, 2025, with a final completion date of August 30, 2025.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

1 CLAUSES FOUND

"...The successful bidder shall furnish and deliver to the Village of Ridgewood a performance and payment bond in the amount of 100 percent of the accepted bid amount as security for the faithful performance of the Contract...."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...In default thereof, said checks and/or bonds and the amount represented thereby shall be forfeited to the Village of Ridgewood as liquidated damages, not as a penalty...."

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